As I wrote yesterday a break below 147.73 invalidate my micro-count a would force a new micro-count, but it didn't necessarily mean a trend-change.I expect support at 144.92 will holde for the next rally higher, but a break would call for a continuation down to the 141.55 - 142.35 area, where strong support will be found (see the daily chart below).
Hello EWS,
ReplyDeletelike to read your counts and analysis everytime, especially when we are contrary :-)
I have a rule of thumbs:
Everytime when I have to count more than three "1-2's",
I am wrong with a very high likelihood.
Best to you and good trades,
Markus